An interesting thing that I stumbled upon when looking at CD Projekt Red. I looked at the longest downtrends of the stock and it looks like that they took almost the same amount of bars/days to happen - moving in 101-103 bar cycles on the daily chart. That's all folks.
A quick overall look at $VALE.
Very clear wave structure from a technical perspective - looks like a wave 3 of a Supercycle is happening.
Solid financial sheets.
Low P/E ratio.
5% dividends.
Overall an S-tier stock.
Still, be considerate when entering a trading position as there may be short-term pullbacks possible (latest 5 wave up move and forming an...
At this moment it looks like that $PYPL is forming a triangle, but not sure if it's a triangle in wave 4 or a triangle in wave B - the structures aren't very clear to me, Fibo doesn't seem to quite fit, looks kinda sketchy to me (more like a triangle in B). A nice trading opportunity could present itself in the case of a break to the downside.
$CDR making it hard for traders with its recent price action. The most obvious would be to call the 5-wave down from B an ending diagonal, but $CDR could potentially face more downside in the coming months since they have a Class-Action Lawsuit on their hands (and maybe other lawsuits on the way). The earnings report coming out in March might also be a flop...
